India received 3.4 per cent above average rainfall in August as the central and southern parts of the country received heavy rains, the state-run Met Office said on Wednesday.
The monsoon, which accounts for about 75% of India’s annual rainfall, is important as almost half of the country’s farmland is not irrigated.
According to data compiled by the India Meteorological Department (IMD), the soybean and cotton growing regions received heavy rainfall in August, although rice growing regions in the northeast received less rainfall.
India is the world’s largest exporter of rice, a staple for Asia, and monsoon rains determine the size of the country’s rice crop.
Good production will help India retain its dominant position in the global rice market, but prolonged periods of low or uneven rainfall could affect the crop.
India, the world’s largest rice exporter, is considering whether to restrict exports of 100% broken rice, government and industry officials told Reuters on Friday, adding that paddy acreage is less than the lack of rain. It is done.
India has received 6% above average rainfall in the first three months of the June-September monsoon season as the country received 16.8 per cent more rainfall in July, erasing June’s 8% deficit.
The IMD defines average, or normal, rainfall for the season as between 96% and 104% of the 50-year average of 89 cm (34 in).
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.